Descartes' Global Logistics Network Achieves Record Expansion Through 3PL Partners.WATERLOO, Ontario--(BUSINESS WIRE)--April 4, 2000 Business Editors Success in High Tech, Automotive, Retail and Other Sectors Demonstrates Critical Role of Third-Party Logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. Providers in the Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. The Descartes Systems Group Inc. (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ),(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ), a leading provider of business-to-business Internet logistics solutions, today announced record expansion of its Global Logistics Network via its third-party logistics provider (3PL) partners. Citing the role of 3PLs as key builders and operators of B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business networks, Descartes released details on the growing volume of network business being generated by its 3PL partners. "As e-marketplaces and net market makers have focused on building highly efficient, real-time trade networks, the need for highly efficient, real-time logistics networks has escalated," said Peter Schwartz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of Descartes. "3PLs are uniquely positioned to be the constructors and managers of these networks. Descartes' initiative to ally with the leading 3PLs as another channel to expand the network is now delivering dividends." 3PLs are a key leverage point in the logistics network. A typical 3PL coordinates the activity of hundreds of carriers across all modes of transportation on a global basis and manages substantial amount of freight under contract. By offering Descartes' DeliveryNet software solutions to their customers, 3PLs are able to couple their physical logistics infrastructure with a real-time, customer-centric information infrastructure that provides optimized transportation functionality and end-to-end control and visibility of logistics activities. 3PL Partners Win Contracts with Descartes Software Descartes today announced new transaction-based network revenue-generating deals through its 3PL partners: -- TNT Logistics North America, part of TNT Post Group -- an $8 billion global force in express distribution, logistics and international mail - has deployed Descartes' DeliveryNet to Hewlett-Packard Company (HP). TNT has used the Descartes solution to create an all-North American online logistics network with HP, spanning 48 states and extending overseas to Europe. In addition, TNT is expected to deploy Descartes' DeliveryNet with a major North American automotive manufacturer. -- ProLogis -- the largest publicly held, U.S. headquartered owner and operator of global distribution, light manufacturing and temperature-controlled properties -- is deploying Descartes' DeliveryNet to a large European retailer. -- KNGT -- the first non-asset-based third-party logistics provider -- has deployed Descartes' DeliveryNet to a major U.S. paperboard manufacturer and distributor. KNGT is using DeliveryNet to manage the inbound and outbound movement of products from the customer's manufacturing facility to distributors across the U.S. -- Con-Way Integrated Services -- a CNF Transportation Inc. subsidiary that operates a national network of regional less-than-truckload companies providing time-definite and day-definite freight delivery services for commercial and industrial businesses - has deployed Descartes' DeliveryNet to a major retailer with over 450 stores in North America. -- Exel Logistics -- one of the worlds leading providers of logistics services with over 700 strategic locations in the Americas, Asia Pacific and Europe -- has deployed Descartes' DeliveryNet to a multinational office equipment company. As customers expect higher levels of service from their logistics providers, it is becoming increasingly important for 3PLs to be able to deploy e-logistics services and to leverage their aggregation capability to drive efficiencies such as shipment consolidation over multiple customers. Descartes' e-logistics solutions enable 3PLs to offer breakthrough services to their customers such as end-to-end visibility of order status, while increasing transportation efficiencies by managing multiple customers over a common, open information infrastructure. "The role of 3PLs as logistics aggregator is clearly increasing as customers look to radically improve their commerce processes," said Schwartz. "A cornerstone in our strategy to create an open, real-time global logistics network was to ally with this important leverage point in the network -- the 3PL leaders. We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see our 3PL partners win major contracts with their customers using our DeliveryNet technology." About Descartes Descartes is a leading provider of end-to-end logistics solutions that facilitate B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . Descartes' e-fulfillment software and exchange solutions enable companies to create high-speed, high-performance fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. networks -- aka DeliveryNets(TM). DeliveryNet solutions empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals A Web site that provides news, articles and services to a particular industry such as IT, finance and retail. It is the industry-specific equivalent of the general-purpose portal on the Web. Also called a "vortal." See portal, corporate portal, business intelligence portal and Web hub. , and transportation exchanges. The result is a global e-fulfillment information infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement. Descartes products are licensed today by more than 850 companies in 35 vertical industries in 50 countries worldwide. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding The Descartes Systems Group Inc.'s business which are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's most recent prospectus and filings. |
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